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Company income statement for the year ended 31 December 2003
 
The company annual financial statements represent the South African operations and corporate office. These company annual financial statements are a statutory requirement, and are accordingly presented in SA Rands only.
 
Figures in million Notes   2003 2002
      SA Rands
Revenue 1   9,245  10,356 
         
Gold income 1   8,845  9,718 
Cost of sales 2   (6,762) (6,383)
         
      2,083  3,335 
Non-hedge derivatives     877  794 
         
Operating profit     2,960  4,129 
Corporate administration and other expenses     (283) (227)
Market development costs     (115) (173)
Net inter-company royalties, dividends and interest     (189) (336)
Exploration costs     (128) (126)
Investment income 3   197  318 
Other net expenses 4   (114) (72)
Finance costs 5   (185) (162)
Marked-to-market of debt financial instruments     38  ? 
Abnormal items 6   (122) (102)
         
Profit before exceptional items 7   2,059  3,249 
Amortisation of goodwill     (5) (4)
Impairment of mining assets Group 17   (247) ? 
Loss on disposal of mines 23   ?  (80)
Profits (loss) on disposal of assets     10  (14)
Debt written off     (9) (56)
         
Profit on ordinary activities before taxation     1,808  3,095 
Taxation 9   (767) (1,138)
Net profit     1,041  1,957 
         
Adjusted operating profit        
The operating profit has been adjusted by the following        
to arrive at adjusted operating profit:        
Operating profit     2,960  4,129 
Unrealised non-hedged derivatives     (576) (17)
Adjusted operating profit     2,384  4,112